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Property profile & analytics
OFF-MARKET Estimated value $630,000
Strip malls

3457 Bethel Dr West Lafayette, IN 47906-6656

15,471 SF 1.53 ac lot Built 2001
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-0613954
Property summary
AI-generated overview

This exceptional retail property, located at 3457 Bethel Drive in West Lafayette, Indiana, 47906, offers a fantastic opportunity for business owners. The 1,050 square foot space is part of a thriving shopping center in Tippecanoe County, boasting a diverse mix of tenants including an Asian market, Monical's Pizza, a nail salon, a Korean restaurant, and a Mexican restaurant. Its convenient location off Sagamore Parkway and US 231 ensures high visibility and accessibility. The property benefits from its proximity to Klondike School and other shopping amenities, guaranteeing a steady stream of potential customers. The space is currently configured as a fully operational salon, complete with existing equipment, and includes a washer and dryer, leased with the property. The entire shopping center encompasses 15,471 square feet and is a single-tenant building. This turnkey solution presents a unique chance to establish or expand a business in a bustling West Lafayette commercial area. The property is classified as retail and land, offering significant potential for growth and return on investment. This is a single-tenant occupancy property. The property's prime location and existing infrastructure make it an ideal investment for discerning entrepreneurs. This is a rare opportunity to acquire a well-established retail space in a high-traffic area.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2001
Construction TYPE NOT SPECIFIED
Total area 15,471 SF
Lot 1.53 ac (66,603 SF)
APN 79-06-02-329-001.000-029
UPID US31-0613954
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$515k
CAP Approach CAP
by Request
Comparable Approach Comparable
$746k
Blend (final) Blend
$630k
Owner & transaction history
Bowon USA INC · 2 yrs held
Bowon USA INC
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $945,000 +75.5%
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